INSEAD Day 4 - 728x90

Economy

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

IMF cuts global growth outlook on impact of Trump tariffs

Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...

Economy

Chinese vent anger at Trump’s trade war with memes, mockery

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

Geostrategy
Business

Credit Suisse chiefs apologize to shocked shareholders

ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be...
  • The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations.
  • "I can understand the bitterness, the anger and the shock of all those affected," Credit Suisse chairman Axel Lehmann said.
Economy

Evergrande signs restructuring agreement with international creditors

Hong Kong, China--Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in...
  • Evergrande, once China's biggest real estate firm, was found to be neck-deep in $300 billion in liabilities, touching off a nationwide property crisis
  • The company, in a Hong Kong exchange filing, said it had agreed to proposals with creditors who hold a big chunk of developer's offshore bonds
Economy

TRENDS Poll: Inflation takes biggest bite from Gulf household incomes during Ramadan

The poll discovers people struggling across the Middle East to cope with high cost of living in the holy month...
  • Egypt has seen inflation vault to 32 percent in February with the government taking steps to mitigate its effect on low-income groups
  • Lebanon is facing a more severe cost-of-living crisis, with inflation reaching up to 123 percent in January
Economy

Dubai Financial Market hits one-month high riding on blue-chip communication stocks

Abu Dhabi, UAE - UAE stock markets Monday continued to capitalize on improved investor sentiments, with blue-chip communication stocks leading...
  • Saudi Arabia, as per the report, was the best performing GCC market during the month with a gain of 4.8 percent
  • The Muscat Stock Exchange was the second-best performing market for the second consecutive month in March 2023
Economy

Bahrain’s investment push: Businesses with large-scale projects to get Golden Licence

Manama, Bahrain - Bahrain has announced the launch of a Golden Licence, providing incentives and streamlined services to foreign and...
  • The move builds upon the growing investment attractiveness of Bahrain, which has recently recorded its highest Real GDP growth rate in almost a decade
  • Companies with major investment projects that will create over 500 jobs, or those with investment value exceeding $50 million, will be eligible for the license
Economy

Priorities set to spur Saudi digital transformation

Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive...
  • Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive tells TRENDS
  • More than 50 percent of chief information officers in Saudi Arabia are now focused on transitioning their existing business models to digital ones, says an IDC report
Business

DMCC posts record Q1 growth as 708 firms register

A total of 3049 new companies joined DMCC in 2022.
  • This is DMCC's best performance in Q1 since its inauguration in 2002, marking a 8.4% increase year-on-year.
  • The best performing sectors for DMCC was its traditional core markets, which showed strong results in businesses from various countries.
Geostrategy

Oil cuts in interest of energy markets, says Russia

The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
  • Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
  • Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.
Geostrategy

China begins security probe into US chipmaker Micron

BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry...
  • The probe escalates an already fierce battle between US and China for supremacy in the field of semiconductors.
  • US authorities have in recent years sought to prevent the country's advanced chip technology from being exported to China.

Oil market surges as Saudi-led top producers cut output defying US pressure

Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling...
  • Crude futures surged almost eight percent at one stage after multiple members of the OPEC+ exporters' alliance unexpectedly slashed production
  • The shock reduction, unveiled  Sunday by Algeria, Iraq, Kuwait, Oman, Saudi Arabia and the UAE, will start in May and last until the end of the year

IMF cuts global growth outlook on impact of Trump tariffs

Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...
Economy

Company News

Latest News

Oil prices rise on Red Sea escalation, corporate earnings season

Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive...

Saudi Arabia announces operational start of this year’s Hajj season

Riyadh, Saudi Arabia - Saudi Minister of Hajj and Umrah, Tawfiq Al-Rabiah, officially inaugurated the operational activities for the 1445...

Sustainable practices make GCC economy resilient

A shift to green tech and renewable energy is fostering the Gulf economy's resilience and diversification for a sustainable future,...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Market Report

Oil prices rise after US, UK strike Houthi rebels

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...
  • Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.
  • The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.
Business

Lunate Capital launches Shariah-compliant ETF tracking Indian equities

ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...
  • The fund will track the performance of Shariah-compliant Indian equities listed on the Bombay Stock Exchange.
  • The Index tracks the performance of the 30 most liquid Shariah-compliant Indian stocks listed on the BSE.
Economy

Morocco joins UAE, Jordan, Egypt, Bahrain in regional industrial collaboration

Manama, Bahrain – Morocco became the fifth country to join the UAE, Jordan, Egypt and Bahrain at the fourth meeting...
  • Morocco is expected to bring significant value to the partnership, given the country’s advanced industrial capabilities
  • The country's GDP exceeded $134 billion in 2022 and its industrial sector provided over 1 million jobs, through some 121,000 companies